https://www.taxtmi.com/caselaws?id=241849 The appeal was dismissed, and the order upheld the application of Cash profit to Operating cost as the Profit Level Indicator (PLI) under TNMM for the assessment year 2005-2006. The Tribunal found in favor of the assessee, deleting the proposed adjustment amount of Rs. 10.38 crore. The principle of res judicata was deemed inapplicable, emphasizing the importance of consistency in applying the chosen PLI. The decision highlighted the significance of previous TPO acceptance of the same ratio in the assessee's case for other assessment years. en-us Fri, 26 Apr 2013 00:00:00 +0530 Thu, 02 Jan 2014 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241849 The appeal was dismissed, and the order upheld the application of Cash profit to Operating cost as the Profit Level Indicator (PLI) under TNMM for the assessment year 2005-2006. The Tribunal found in favor of the assessee, deleting the proposed adjustment amount of Rs. 10.38 crore. The principle of res judicata was deemed inapplicable, emphasizing the importance of consistency in applying the chosen PLI. The decision highlighted the significance of previous TPO acceptance of the same ratio in the assessee's case for other assessment years. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241849